CAC 40 (CAC.CAC40)

Close: 7 615.41 (+170.51), Sep 19, 2024
Weak Negative

Low risk

chart CAC 40 (CAC) Candlesticks 22 Days
Candlesticks
chart CAC 40 (CAC) Short term
Short term: Negative
chart CAC 40 (CAC) Medium term
Medium term: Weak Negative
chart CAC 40 (CAC) Long term
Long term: Weak Positive
chart CAC 40 (CAC)
RSI - Relative Strength Index

Short term

CAC 40 has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. An inverse head and shoulders formation is under development. A decisive break of the resistance at 7618, ideally with an increase in volume, signals a further rise. The index is testing resistance at points 7650. This could give a negative reaction, but an upward breakthrough of points 7650 means a positive signal. The index is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -54)

Medium term

CAC 40 has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. An inverse head and shoulders formation is under development. A decisive break of the resistance at 7618, ideally with an increase in volume, signals a further rise. The index has support at points 7500 and resistance at points 7920. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -42)

Long term

CAC 40 has broken the floor of the rising trend channel in the long term, which indicates a weaker initial rising rate. The index is moving within a rectangle formation between support at 7185 and resistance at 8463. A decisive break through one of these levels indicates the new direction for the index. The index is between support at points 7400 and resistance at points 8200. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically slightly positive for the long term.

Recommendation one to six quarters: Weak Positive (Score: 29)


Overall analysis

CAC 40 is technically negative for the short and medium term, but positive for the long term.

Recommendation one to six months: Weak Negative (Score: -37)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.64%0.00+2.29%
5 days0.002.08%0.00+2.43%
22 days0.005.10%0.00+1.73%
66 days0.009.38%0.00+0.60%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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